Brad WootenJan 28, 20214 minI got a letter from the IRS. Now what?So you have received a dreaded letter from the IRS. Now what? Don't panic and don't bury your head in the sand. There is a way forward.
Brad WootenJan 15, 20213 minAre you a year or more behind in filing your income tax returns?Whatever your situation, Wooten CPA is here for you when you are ready to get caught up, and the sooner, the better.
Brad WootenDec 15, 20204 min2020 year end tax planning tipsIf you wait until tax time, it's too late for the majority of your best tax savings strategies.
Brad WootenDec 14, 20203 minPick a fight with the IRS? Sure, why not?Many people think that the IRS has the final word, but that isn't exactly accurate.
Brad WootenOct 27, 20203 minWhat to do if you cannot pay the taxes?I have helped many clients through that exact scenario. Fear not, there is a light at the end of the tunnel.
Brad WootenOct 21, 20203 minSeriously, what are my chances of an IRS audit?There actually are some things that will increase your chance of an IRS audit. What are they?
Brad WootenOct 7, 20203 minAdditional tax saving tip for clergyOnly clergy benefit from this tax saving tip related to retirement contributions.
Brad WootenSep 30, 20205 minTrump Tax Returns... Did Trump pay only $750 in taxes?The headlines say Trump paid only $750 in taxes for 2016 and 2017. Is there political spin? What's the truth?
Brad WootenSep 28, 20203 minMost common types of tax fraudWhen done on purpose, these are acts of tax evasion and fraud. However, it is possible to commit some of these acts unintentionally.
Brad WootenSep 23, 20203 minIRS reminds taxpayers to take the home office deductionThe IRS wants individuals to consider taking the home office deduction. The benefit may allow taxpayers to deduct certain expenses.
Brad WootenSep 21, 20203 minBut I hired a tax professional...When you hire a tax preparer, you are still responsible for the return. As soon as you sign it, you are stating that it is true and accurate
Brad WootenSep 7, 20203 minThe #1 mistake for pastor or missionary tax returnsBy failing to do this you have underpaid your taxes by almost $3,000. Multiply this by 3 years plus interest and penalties = $10,000+
Brad WootenSep 3, 20203 minHousing allowance (MHA) expenses: Stop wasting timeDo you need to spend time keeping track of every little item related to MHA?
Brad WootenAug 31, 20203 minHave a side hustle? Is it a business or a hobby for tax purposes?So why does it matter? "If it's a hobby, I don't have to report the income, right?" Wrong.
Brad WootenAug 28, 20203 minDo you know about the taxpayer bill of rights?That's right, you have rights. Yes, the IRS has a lot of power (they can levy assets, including garnishing your wages), but you have rights.
Brad WootenAug 21, 20205 minI have a major tax liability, now what?Do you owe the IRS thousands in back taxes? Perhaps you have a tax liability and you are looking for some tax help? Maybe you have heard...
Brad WootenDec 24, 20193 minDo I really need a CPA?Today, you no longer need knowledge experts to provide you with information. If you don't need information, what do you need?
Brad WootenDec 10, 20194 minFive ideas for paying less income taxThere are specific answers to this, but since the tax laws change so frequently I’ll give you some timeless advice here.